2732 KUTZTOWN RD Pending Save Request In-Person Tour Request Virtual Tour
Reading,PA 19605
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $178
MLS Listing ID PABK2046084
Year Built 1930
Annual Tax Amount $6,267
Tax Year 2024
Lot Size 0.270 Acres
Property Description
***Fully Occupied***7-units with large parking lot. Welcome to 2732 Kutztown Rd, a rare and extraordinary multi-unit investment property located in the heart of Muhlenberg Township. This incredible asset offers a unique combination of rental income steams with 4x Single room units, 1x One bedroom, living room and kitchenette. The main level includes a 3 bedroom unit with central air, laundry, living room, modern kitchen with granite and all appliances and fully renovated full bathroom. Unit #7 is a lower level unit that includes 2 bedrooms, Living room, Kitchen with all appliances and a fully renovated full bathroom. All 5 units on the 2nd and 3rd floors are currently rented month-to-month for a total of $2,575/month. Main floor unit is rented for $1,650./month, lower-level unit is rented for $900/month. In addition there are 16 parking spaces in the parking lot, 8 spaces on the building side are for the tenants and 8 spaces on the street side are currently up for rent at $50/month each, for an additional income of $400/month. The four single rooms currently have low rents and could be increased to $175-200+/week and 3rd floor increased to $225+/week. Total potential income fully rented can easily bring in $6,650.00/month or Annual Gross rent of $79,800.00. Separate electric and separate water heaters for main floor and lower level units, and rooms. Owner pays electric and heat for room rentals and heat for 1st floor unit. Lower level has electric baseboard paid by tenant. Air Conditioning electric is paid by 1st floor tenant for unit #1. Public transportation, shops and restaurants. Opportunity to increase cash flow through rent increases and occupancy optimization. Diversified income streams reduce reliance on single tenants. Enormous long-term appreciation in property value. Contact us today to schedule a viewing and take the first step towards building your Real Estate portfolio.
Location
State PA
County Berks
Area Muhlenberg Twp (10266)
Zoning MIXED RES/COMM
Interior
Hot Water Electric
Heating Hot Water,Radiator,Baseboard - Electric
Cooling Central A/C,Ceiling Fan(s)
Exterior
Garage Spaces 16.0
Waterfront N
Water Access N
Roof Type Architectural Shingle
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Muhlenberg
Others
Special Listing Condition Standard